PNC Bank Can't Get $106M Judgment Covered By Insurers

By Lauren Berg (March 13, 2024, 9:21 PM EDT) -- PNC Bank NA is not entitled to coverage by a group of excess insurers for a $106 million judgment it incurred in an underlying lawsuit alleging the bank's predecessor mismanaged funeral trust accounts, a Pennsylvania federal judge ruled Wednesday, saying the policies' exclusions bar coverage in this case....

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